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Consumer goods stocks have seen strong sales growth in the second quarter of 2021, owing to rising commodity prices and an improving job market. Despite rising inflation, relatively inelastic demand for consumer goods should drive the industry’s growth in the coming months. The fast-moving, global consumer goods market is projected to grow at a 5.4% CAGR to $15.36 trillion by 2025. So, both UL and PG should benefit.
While UL’s shares have lost 4.6% in price over the past month, PG has advanced marginally. PG is a clear winner with 17% price gains versus UL’s 3.2% returns in terms of their past six months’ performance. But which of these stocks is a better pick now? Let’s find out.
